• The Canadian Dollar rose on Wednesday, buoyed by Greenback weakness.
• Canada reported an upswing in housing prices, bolstering the CAD further.
• Broader markets are pivoting to the start of this year’s Jackson Hole economic summit.

The Canadian Dollar (CAD) found some legroom on Wednesday, rising against key counter-currencies through the US market session and extended a recent win streak against the US Dollar as broad market sentiment pins on the high end with investors anticipating a shift in the Federal Reserve’s (Fed) rate cut stance.

Canada reported a slight upswing in recent housing price figures, prompting a thin bullish bid in the Canadian Dollar. The CAD has eased into a multi-month high against the Greenback, and is clawing back recent losses against other major currencies in recent days.